We do not want to give excessive wealth to our progeny. Giving wealth to young and future unborn children, in our opinion, reduces or eliminates the character-building challenges ahead of them in life that they would otherwise face
Our kids are great. But I would argue that when your kids have all the advantages anyway, in terms of how they grow up and the opportunities they have for education, including what they learn at home - I would say it's neither right nor rational to be flooding them with money.
I still believe in the philosophy - FORTUNE quoted me saying this 20 years ago - that a very rich person should leave his kids enough to do anything but not enough to do nothing.
My kids are going to carve out their own place in this world, and they know I'm for them whatever they want to do. But setting up heirs with a lifetime supply of food stamps just because they came out of the right womb can be harmful for them and is an antisocial act. The perfect amount to leave children is enough money so that they would feel they could do anything, but not so much that they could do nothing.